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Wickes Group ( (GB:WIX) ) has provided an update.
Wickes Group PLC has announced the purchase of 48,862 of its own ordinary shares as part of its ongoing buyback program. This move, which includes the cancellation of these shares, will reduce the company’s issued share capital and potentially enhance shareholder value by increasing the earnings per share.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Neutral.
Wickes Group’s overall stock score reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Wickes Group PLC operates in the home improvement retail sector, providing a range of products and services for DIY enthusiasts and professional builders. The company focuses on delivering quality home improvement solutions across the UK market.
Average Trading Volume: 643,624
Technical Sentiment Signal: Buy
Current Market Cap: £492.8M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.